Prospectus ____________________________________________
Bad Debt Markets
The Delinquent & Charged Off Loans of 14,000+ Lenders, By Type of Loan
● Available by State Or for the Whole USA ● Credit Cards ● Auto Loans ● Home Mortgage & Home Equity Loans ● Commercial Mortgages ● Business Working Capital Loans
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Important Information about a new SMR Research data product
Summary
Why didn’t someone think of this before? If you sell collections services to financial institutions – or if you buy bad debt – you need to know: Which lenders have exactly how much bad debt, and in what kind of loans? Bad Debt Markets is a family of Excel spreadsheets containing the answers. It’s got the numbers, the lender names, and even their mailing addresses. Get a spreadsheet for lenders in just one state. Or, get multiple states. If you do business nationwide, get the national file on more than 14,000 bank holding companies, other banks, savings & loans, and credit unions. This brochure will give you the details.
SMR
Research Corporation_____________________________
300 Valentine St. • Hackettstown, NJ 07840 • Phone 908-852-7677 • Fax 908-852-6884 WWW.SMRRESEARCH.COM
The Idea
More than 14,000 financial institutions in the USA recently had some highly delinquent or charged off debt: auto loans, personal loans, credit cards, home mortgages, or commercial loans. What you might not know is that each of these companies is required to report their bad debt amounts to various federal regulatory agencies. SMR picks up these regulatory reports in four different data series from government agencies. Together, they constitute one of the largest federal databases in existence. The institutions reporting bad debts are bank holding companies, individual banks, savings & loans (“thrifts”), and credit unions. They report their bad debts quarterly, except the credit unions, which report semi-annually. Each report shows dollars of loans that are highly delinquent (90 days-plus, or 60plus for the credit unions), plus dollars of loans charged off year-to-date. And, they report these amounts by type of loan. Bad Debt Markets covers five loan-type categories: credit card and related, auto/personal loans, home mortgage and home equity loans, commercial mortgages, and business working capital loans. We present the results in a series of spreadsheets. One covers the entire United States and all 14,000-plus institutions. The others cover lenders in each of the 50 states separately, in case you only need local information. Use these spreadsheets to see how much bad debt each company has by type of loan. They are the ultimate marketing lists for collections outfits and bad debt buyers. We include full mailing addresses for each institution – with no restrictions on how many times you’d like to use the spreadsheets for mailing purposes.
More on Content
For each type of loan, we present three separate data items: 1. Dollars of loans that are highly delinquent (90-days-plus for banks; 60-plus for credit unions), 2. Dollars of loans that were charged off, year-to-date, and 3. Total dollars of bad debt, including the amount highly delinquent plus the annualized year-to-date charge-offs. If your company does general agency work, all these items will be of interest. If your company specializes in buying charged off debt only, simply use that column on the spreadsheet to find the lender clients.
More on Content (continued)
Each lender you contact is likely to be a positive surprise in one respect. Lenders report their year-to-date charge offs and their highly delinquent loans. But you might collect on all charged off loans (including some from a prior year) and on all accounts delinquent (even 30-days-plus). So, once you contact lenders, you may find their volumes are even larger than our spreadsheets show.
Recency
Lenders make their regulatory reports about three months after the close of a quarter. Then, we get them and prepare Bad Debt Markets. As of February, 2008, the data were current through 9/30/07, including credit unions, which file reports twice per year.
About the Loan Types
The credit card and related category includes any bad debts on credit cards or in two other revolving credit plans: unsecured check-accessed personal lines of credit and checking account overdraft revolving lines. The auto/personal category includes all auto and personal loans not included in credit card and related. We would rather break out auto separately, but the regulatory reports don’t allow it. Usually, this category is mostly auto. The home mortgage/home equity category includes all loans secured by residential homes, from 30-year first liens to home equity lines of credit. The commercial mortgage category includes all loans secured by non-residential real property, from apartments to office buildings or shopping centers. The business working capital bad debts are on all business loans not secured by real estate.
About SMR Research Corp.
Founded in 1984, SMR is the nation’s largest publisher of market research information about loans, lenders, and consumer credit risk. We’ve been in the business 18 years. You’ve picked the right research vendor.
Re-Sorting: The Value of Excel
We present the lender data by company name, alphabetically. But thanks to the power of Excel, you can re-sort the data on any column. For instance, if the auto/personal category is all you care about, you can re-rank the lenders by biggest to smallest amounts of auto/personal bad debt. Most Excel users know how to re-sort spreadsheets, but call us at 908-852-7677 if you’re not sure.